The Law No. 6009 amending the Income Tax Law and Other Laws and Decrees (published in the Official Gazette dated 1 August 2010 and No. 27659) has been enacted and subsequently, the revenues made from the Turkish Derivatives Exchange (the “TurkDex”) are exempt from Banking and Insurance Transaction Tax (the “BITT”) as of 1 September 2010. Prior to the said amendment, profits gained by Turkish banks and brokerage firms from derivatives transactions at TurkDex were subject to 5% BITT.